USING THE ODDS – when playing every race.

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When using odds to determine the amount of money to wager, you first must have a dollar figure of the amount of money you would like to win. This depends on your racing budget (money set aside used strictly for horse racing), Let’s start with a budget of $500, ( I usually start with 1% at the beginning of my horse racing season, I increase it as I win, or gain confidence in my method), So, 1% of  $500.  =  $5.  this is how much I would like to win in each race. 

 

 

 

 

 

  •                                                       RACE                 $$s
  •                                                    NUMBER         NEEDED                ODDS              BET         WIN or LOSS        CARRYOVER

carryover + $$s needed                        R1                         $5.                     3 to 1                $2.                  Loss                        $7.              ( 5 + 2 )

 

$ 7.   +   $5.   = $12                                 R2                        $12.                    2 to 1                $6.                  Loss                       $18.            ( 12 + 6 )

 

$18.   +    5.    =   23.                               R3                        $23.                   5  to 2                $9.                  Loss                       $32.            ( 23 + 9 )

 

$32.   +    5.    =   37.                               R4                        $37.                    3 to 1                 $12.                 Win                        $1.               ((3 x 12) – 37 )

 

$1.    +    5.    =   6                                    R5                         $6.

when your winning bet does not win enough, the leftover is put in the carryover ( as in race 4, the $1. is added to R5); if you win more than needed, use it for food and drink.

IMPORTANT – even if you average 3 wins out of 10, it means you could still lose 14 races in a row; win the first 3 races and losing the last 7 then losing the first 7 and winning the last 3. Your Horse Racing Budget must be large enough so you will not be scared off of your bet.

 

USING THE ODDS – when playing select races.

 

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To contact Brian     brian@howtobetonthehorseraces.com